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Monsoon Update

ICICIdirect Research 23 Aug 2024 DISCLAIMER

With pick up in rainfall activity in the recent past, the cumulative rainfall in the ongoing monsoon season 2024 pan India now stands at +3% of LPA.
Cumulative rainfall in Northwest India is at par with LPA while is +21% of LPA in South Peninsula, +8% of LPA for Central India and is deficient at -12% of LPA for East & Northeast India.
In terms of crop sowing, area sown as of 20th August 2024 stood at 103.2 million hectares (up 2% YoY). It is up healthy 6% across pulses and paddy while is down 9% in the case of cotton

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